Asset Managers Boosting Cybersecurity Spending

When it comes to fund company operation spending, protecting the computer infrastructure is a high priority.

Thirty six percent of asset managers indicating they are likely or highly likely to increase spending on computer/data security in the next 12 to 18 months was among the key findings from Money Management Executive's annual Operational Issues Survey. The survey also showed that 36% are likely or highly likely to hire additional staff in the next year and a half to assist with their computer/data security functions.